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Gold prices extended gains for a third straight session on Thursday, as the dollar slipped after Federal Reserve Chair Jerome Powell said the U.S. central bank might scale back the pace of its interest rate hikes as soon as December.
Continuing Jobless Claims Hit 10-Month Highs As Layoffs Exploded In NovemberDec 1, 2022 - 06:10:58 PST
While initial jobless claims dipped last week (from 241k to 225k), Challenger Job Cuts exploded higher, jumping 416.5% YoY (up 127% in November)...
Fed's Favorite Inflation Signal Dips (Holds Near 40 Year Highs) As Savings Rate CrashedDec 1, 2022 - 06:09:59 PST
Among The Fed's favorite inflation indicators - it has apparently got many and picks and chooses as it pleases - is the Core PCE Deflator. Both the headline and core deflators dropped from September's levels (+6.0% vs +6.3% prior and +5.0% vs +5.2% prior respectively)...
(Bloomberg) -- House prices in Australia and New Zealand are now lower than a year ago and likely to fall further as their central banks keep raising interest rates to try to gain control over inflation.
BofA Warns That the US Economy Will Start To Lose 175,000 Jobs per Month During Q1 of 2023Dec 1, 2022 - 06:05:11 PST
Things might look fine now. BofA says not for long.
The dollar extended declines after posting its biggest one-month drop since 2009 and money managers are amping up bets it will continue to fall.
Starwood Capital-backed home lender Reverse Mortgage Funding LLC filed for Chapter 11 bankruptcy, the latest company to succumb amid a rapid run-up in mortgage rates.
Top Federal Reserve officials are showing no appetite for slowing the pace of the central bank's balance sheet reduction, pushing back on outside observers' assertions that money market conditions will bring an early end to the program. Fed Chair Jerome Powell and New York Fed President John Williams - whose bank manages the program...
Credit Suisse Group AG’s losing streak took the stock closer to the price that the Swiss lender is pitching to shareholders in a crucial capital raise, indicating investors see little upside in the heavily discounted offer.
Bond traders dialed back their expectations for how high they think the Federal Reserve might need to push its benchmark in the wake of fresh comments from central bank boss Jerome Powell, with swap markets suggesting the key overnight rate might peak below 5%.
The European Central Bank is about to enter a new phase in its fight against inflation, probably heralding more contentious decisions on monetary policy.
Analysis-China Central Bank To Offer Limited, Targeted Growth Support, No BazookaDec 1, 2022 - 05:52:09 PST
China's $17 trillion economy is headed for one of its worst showings this year in almost half a century, but its central bank has limited options in its armoury for providing policy support as it would want to avoid stoking capital flight. The People's Bank of China (PBOC) is, therefore, poised to ramp up targeted support for troubled sectors, adding to...
Sharp declines await US stocks in the first half of 2023 against the backdrop of a mild recession and Federal Reserve rate hikes, say JPMorgan Chase & Co. strategists.
Private Equity’s Debt-Fueled European Conquest Leaves Firms Weak as Slump LoomsDec 1, 2022 - 05:48:37 PST
The surge in private equity activity in Europe in recent years has loaded hundreds of companies up with debt, eroded their credit ratings, and left many of them vulnerable to bankruptcy as an economic recession approaches.
In our call of the day, the former Wall Street investment banker warns that the cards are stacked against equity markets for the foreseeable future, and offers charts to back that up.
BlackRock Chief Executive Officer Larry Fink is confident inflation will subside but fears the global economy is headed toward anemic growth as geopolitical circumstances evolve and central banks around the world take years to unwind fiscal stimulus.
Treasuries jumped by the most in almost three weeks on Wednesday following a speech from Federal Reserve Chair Jerome Powell, but the rally may have been more about month-end positioning, according to market participants.
Inflation was running rampant for months before the Federal Reserve launched its inflation fight. As you'll recall, we were told over and over again that inflation was transitory. But now that the central bank is on the job, most people are confident Powell and Company can get rising prices back under control.Perhaps they shouldn't be so confident.
GOLD & SILVER UPDATE DEC 1st: Questioning Our Analysis... Are The Metals Prices Heading Even Higher??December 1, 2022
With the gold and silver prices surging even higher these past two days, are we finally off to the RACES?? Good question. Thus, I have to question my analysis that has suggested these price increases may not stick. In this update, I share my analysis of the gold and silver market...
Gold prices rose over 1% on Wednesday as the non-yielding asset races to end its best month since mid-2020 on slower U.S. rate hike expectations, further reinforced by Federal Reserve Chair Jerome Powell's comments.